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Egypt commits 1,000 sq km to Saudi mega-city

Public and private investment in the NEOM project, which spans across Saudi Arabia, Egypt and Jordan, is expected to eventually total US$500b

Tue, Mar 06, 2018 - 5:50 AM

Visitors watching a 3D presentation during an exhibition on NEOM, a new business and industrial city, in Riyadh last October. The project will focus on industries such as energy and water, biotechnology, food, advanced manufacturing and tourism.

PHOTO: REUTERS

Riyadh

EGYPT has committed more than 1,000 square kilometres of land in the southern Sinai Peninsula to a planned mega-city and business zone unveiled by Saudi Arabia last October, a Saudi official said on Monday.